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B&M Issues Profit Warning

B&M reported a 2.9% rise in third‑quarter group revenue but issued a profit warning as near‑term earnings are pressured by strategic investments. UK revenue grew 1.9% while like‑for‑like sales slipped 0.6%, whereas the French operation posted 8.5% total revenue growth and modest like‑for‑like gains. The retailer cut its full‑year adjusted EBITDA guidance to £440‑£475 million from £470‑£520 million, citing higher pricing spend and SKU‑reduction costs. CEO Tjeerd Jegen remains confident the actions will drive sustainable growth over the next 12‑18 months.